Nigerian stocks rallied today as the bulls held sway to help the index record a massive 4.5% boost. The Index has now gained about 12.6% since it started the rally back on Friday, December 18th. It is now just 3% off from paring all its losses this Month. It closed at 32,786 with a volume of about 440.8 million. The market value is noa at N10,824,211,211,25 1 effectively gaining back what it lost in the 7 days before the current bull run and adding about N467billion to its closing value yesterday.
Champion Breweries lead the gainers chart with a 10% pop with Skye Bank, UBA, Transcorp and Diamond Bank following up. A total of 48 stocks gained and 13 lost. Skye Bank’s surge may be connected with the recent announcement that it has now taken over Mainstreet Bank. See the list of gainers and losers below.
